Zonetail and Belgravia Hartford Complete Settlement Agreement and Mutual Release
Toronto, Ontario--(Newsfile Corp. - January 8, 2024) - Zonetail Inc. (TSXV: ZONE) (OTC Pink: ZTLLF) ("Zonetail" or the "Company") is pleased to announce that the Company and Belgravia Hartford Capital Inc. (CSE: BLGV) ("Belgravia") (together the "Parties") have executed a Settlement Agreement and Mutual Release (the "Agreement").
Background
In 2019, Belgravia brought an insolvency claim against Zonetail, which disrupted the Company's operations and had a significant negative effect on Zonetail's ability to raise capital. In response, Zonetail served a statement of claim against Belgravia for damages, and in 2020, Belgravia filed a counterclaim (together the "Action"). The Parties have been engaged in a costly legal battle ever since.
Terms of Settlement
The Parties have agreed to settle all outstanding matters, including the Action, on a without cost basis, resulting in Zonetail writing off all indebtedness to Belgravia in the amount of approximately $557,000 and terminating all obligations under previous agreements with Belgravia.
Mark Holmes, CEO of Zonetail, stating, "It has taken the better part of five years, but we have finally put this mess behind us. This settlement proves once and for all that Zonetail's position in this matter was justified. With this settlement, we not only remove a significant amount of debt off our balance sheet, but we also eliminate the heavy legal costs that the Company has been incurring since 2019. Our shareholders should be very pleased at this outcome."
In addition to the $557,000, Zonetail also recently paid off a debenture from 2019 for $160,000 plus accrued interest for a total of $756,000 in debt that is no longer owed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTC Pink: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this
announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
Zonetail Inc. Announces Extension of Private Placement of Shares
Toronto, Ontario--(Newsfile Corp. - October 31, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company"), wishes to announce 30-day extension to November 28, 2023, of its previously announced private placement of non-brokered private placement of up to $1,000,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering").
In connection with the Offering, the Company may pay finder's fees equal to 6% of the gross proceeds in cash and issue 6% non-transferable warrants (the "Finder Warrants") to various registered dealers or finder's, representing up to 6% of the shares sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1) Zonetail Share at a price of $0.05 per share for a period of thirty-six (36) months from the closing date of the offering.
The proceeds derived from the sale of the shares will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 15% will be used for Non-Arm's length salaries, 2% for investor relations, 18% for technology additions and 14% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 – Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network that enables high-rise residents to better manage their homes by connecting people to products, amenities and services. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. And our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model – providing vital information, products, and services at the tap of a screen. We are the search engine to optimize you home. Zonetail also has a partnership with AAHOA, the largest association of hotels in the world representing approximately 35,000 hotels and 65% of the U.S. hotel market. The Company expects to relaunch its hotel vertical when market conditions within the hotel industry have rebounded after COVID.
Please visit https://www.zonetail.com. For more information, please contact:
Mark Holmes
President and CEO Zonetail Inc.
Telephone: (416) 994-5399 mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Zonetail and ApartmentLove Inc. Forge a Strategic Partnership to Offer Zonetail Users Access to Short-Term Vacation Rental Listings Worldwide
Toronto, Ontario--(Newsfile Corp. - October 26, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is thrilled to announce a game-changing partnership with ApartmentLove Inc. (CSE: APLV) (OTCQB: APMLF), a leading provider of online home, apartment, and vacation rental marketing services to owners and property managers around the world. This alliance, driven by insights from Zonetail users, caters to the desires of the modern high-rise resident.
User Demand Sparks Innovation
Zonetail recently conducted a survey to gain insights into the preferences of its users, and the results were clear - 78% of respondents sought access to travel deals. Zonetail's mission is to deliver exceptional residential experiences, and this valuable feedback paved the way for a dynamic collaboration.
Enhancing the Zonetail Marketplace
The partnership with ApartmentLove Inc. represents an exciting advancement for Zonetail users. It grants Zonetail users access to an expansive inventory of short-term vacation rental listings onwww.ownerdirect.com, the dedicated vacation rental platform owned and operated by ApartmentLove. ApartmentLove is actively integrating with new inventory supply partners that in aggregate are expected to provide access to approximately 3,000,000 short-term vacation rental listings spanning over 100 countries worldwide. Once integrated with Zonetail, the extensive selection of vacation rentals on OwnerDirect.com will empower users to discover and reserve short-term vacation rentals directly through the Zonetail platform, enriching their travel experiences and broadening their horizons.
A Win-Win Agreement
This partnership is a win-win for Zonetail and ApartmentLove. Zonetail and ApartmentLove have agreed to a revenue share on bookings made through the Zonetail platform. This revenue-sharing model ensures that Zonetail benefits from the increased traffic and engagement it generates for ApartmentLove and specifically the owners and property managers advertising their vacation rentals on OwnerDirect.com by the prominent marketing and display of travel deals within Zonetail.
Mark Holmes, CEO of Zonetail, expressed his enthusiasm for the partnership, stating, "At Zonetail, our primary focus is on enhancing the residential experience for our users. Partnering with ApartmentLove allows us to fulfill our users' desires for an expanded travel offering. This collaboration significantly enriches our marketplace and elevates Zonetail's status as the go-to platform for high-rise residents."
Trevor Davidson, CEO of ApartmentLove Inc., also shared his excitement, remarking, "We are delighted to join forces with Zonetail to enhance the marketing and distribution of our growing short-term vacation rental inventory on OwnerDirect.com to an engaged and action-oriented audience. This partnership aligns with our vision to simplify and enhance the renting experience. Once integrated, Zonetail users will have a unique window through which to explore and book a vast array of unique short-term vacation rental accommodations, making their travel planning seamless and enjoyable and their holidays relaxing and memorable."
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes
by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
About OwnerDirect.com
A pioneer in the online rental industry with more than 20-years of operating history, OwnerDirect.com is a favorite for property managers and guests for its easy-to-use layout and design, beautiful styling, and robust inventory of vacation rentals in desirable locations around the world. Advertising vacation rentals on behalf of property managers and private owners from coast to coast, OwnerDirect.com is trusted as a safe and proven effective platform to rent unique and memorable vacation homes, condos, cabins, and villas. Paid by the traveler at the time of reservation, the company earns a fee for every successful booking made on OwnerDirect.com.
About ApartmentLove Inc.
ApartmentLove Inc. (CSE: APLV) (OTCQB: APMLF) is a leading provider of online home, apartment, and vacation rental marketing services to property managers, owners, renters, and vacationers in more than 30 countries around the world. Promoting more than 350,000 daily active homes, apartments, and vacation properties on its network of short-term and long-term rental marketing websites, ApartmentLove has proven its ability to scale as a fast-growing "PropTech" in today's dynamic markets. Looking to consolidate the deeply fragmented internet listing industry, ApartmentLove has acquired multiple businesses with many Monthly Active Users, a history of recurring revenues, positive cashflows, and custom technologies that accelerate and destress the renting experience.
For more information visit www.apartmentlove.com/investors or contact:
Trevor Davidson
President & CEO ApartmentLove Inc. tdavidson@apartmentlove.com (647) 272-9702
Zonetail Announces Second Closing of Private Placement of Shares, Payment of Debenture
Toronto, Ontario--(Newsfile Corp. - October 19, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") is pleased to announce the closing (the "Closing") of the second tranche of a non-brokered private placement of up to $1,000,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed $120,398 of the Offering, to bring the total closing to $345,398. No new insiders were created as a result of the Closing. Additional tranches are expected to close during the coming weeks.
The proceeds derived from the sale of the shares will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 15% will be used for non-arm's length salaries, 2% for investor relations, 18% for technology additions and 14% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.
The Company also wishes to announce that it has appointed Frontier Flex Marketing (2612130 Ontario Ltd.), part of the Frontier Merchant Capital Group ("Frontier"), as a marketing consultant.
Frontier is a marketing group with a home office in Toronto, Canada. Frontier will assist the Company by increasing awareness for the Company using a number of market communications initiatives, including through media distribution on national television, radio and multiple on-line channels.
Under the terms of the engagement, Frontier has been retained for a 12-month period at $96,000 plus direct expenses, to be paid from general corporate funds.
The Company also wishes to announce that it has repaid the balance of its October 16, 2019 debentures plus accrued interest in cash payments of $173,600 and the issuance of an unsecured promissory note in the amount of $24,800, bearing interest at 10% per annum, due December 31, 2024.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Zonetail Announces First Closing of Private Placement of Shares
Toronto, Ontario--(Newsfile Corp. - October 12, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") is pleased to announce the closing (the "Closing") of the first tranche of non-brokered private placement of up to $1,000,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed $225,000 of the Offering. No new insiders were created as a result of the Closing. Additional tranches are expected to close during the month.
The proceeds derived from the sale of the shares will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 15% will be used for non-arm's length salaries, 2% for investor relations, 18% for technology additions and 14% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are
based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Zonetail Inc. Announces a Non-Brokered Private Placement for up to $1,000,000
Toronto, Ontario--(Newsfile Corp. - September 14, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") is pleased to announce that it intends to offer for sale, on a non-brokered private placement basis, securities of the Company (the "Offering") consisting of shares of the Company at a price of $0.02 per share for aggregate gross proceeds of up to $1,000,000 ("Maximum Proceeds"). The Offering is subject to the receipt of all necessary approvals, including the approval of the Toronto Venture Exchange (the "TSXV"), as well as the satisfaction of other customary closing conditions. Assuming the Maximum Proceeds are raised, the Company will issue 50,000,000 Shares.
In connection with the Offering, the Company may pay finder's fees equal to 6% of the gross proceeds in cash and issue 6% non-transferable warrants (the "Finder Warrants") to various registered dealers or finder's, representing up to 6% of the shares sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1) Zonetail Share at a price of $0.05 per share for a period of thirty-six (36) months from the closing date of the offering.
The proceeds derived from the sale of the shares will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 15% will be used for Non-Arm's length salaries, 2% for investor relations, 18% for technology additions and 14% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
It is anticipated that the first closing of the Offering will occur on or about September 30, 2023, with a final closing no later than October 20, 2023. Zonetail will update shareholders when the Offering has been completed and TSXV final approval has been received.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network that enables high-rise residents to better manage their homes by connecting people to products, amenities and services. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. And our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize you home. Zonetail also has a partnership with AAHOA, the largest association of hotels in the world representing approximately 35,000 hotels and 65% of the U.S. hotel market. The Company expects to relaunch its hotel vertical when market conditions within the hotel industry have rebounded after COVID.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes
President and CEO Zonetail Inc.
Telephone: (416) 994-5399 mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
Zonetail Announces Closing of Private Placement of Shares
Toronto, Ontario--(Newsfile Corp. - September 8, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") is pleased to announce the closing (the "Closing") of its non-brokered private placement of up to $1,500,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed a total of $274,859, including the $132,000 previously announced on June 8, 2023, of the Offering. No new insiders were created as a result of the Closing. The Company has been closing financings in tranches in order to minimize shareholder dilution.
A portion of the Offering was allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
The Company has also paid eligible finders ("Finders") from the first tranche, all of whom are at arm's length to the Company and its insiders within the meaning of Policy 5.1 of the TSX Venture Exchange (the "Exchange"), cash compensation as finders fees of $2,820 and has issued an aggregate of 141,000 finders warrants of the Company ("Finders Warrants"). Each Finder Warrant entitles the holder to purchase one Share of the Company at an exercise price of $0.05, for a period of thirty-six (36) months from the closing date of the Offering.
All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of
historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Zonetail Announces Extension of Private Placement of Shares
Toronto, Ontario--(Newsfile Corp. - August 8, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") announces the extension of the non-brokered private placement of up to $1,500,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering") (see press releases dated April 19, 2023, June 8, 2023 and July 11, 2023). The Company has closed $132,000 of the Offering to date.
The proceeds derived from the Offering will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 13% will be used for Non-Arm's length salaries, 8% for investor relations and 21% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Zonetail Announces First Closing and Extension of Private Placement of Shares
Toronto, Ontario--(Newsfile Corp. - July 11, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") wishes to announce 30-day extension to August 4, 2023 , of its previously announced private placement.of non-brokered private placement of up to $1,500,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed $132,000 of the Offering in June 2023.
The proceeds derived from the Offering will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 13% will be used for Non-Arm's length salaries, 8% for investor relations and 21% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
The Company may also pay eligible finders ("Finders"), all of whom will be at arm's length to the Company and its insiders within the meaning of Policy 5.1 of the TSX Venture Exchange (the "Exchange"), cash compensation as finders fees of 6% of the gross proceeds coming from the Finder and has issue 6% finder warrants of the Company ("Finders Warrants"). Each Finder Warrant entitles the holder to purchase one Share of the Company at an exercise price of $0.05, for a period of thirty-six (36) months from the closing date of the Offering.
All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business,
potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Zonetail Announces First Closing and Extension of Private Placement of Shares
Toronto, Ontario--(Newsfile Corp. - June 8, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") is pleased to announce the closing (the "Closing") of the first tranche of non-brokered private placement of up to $1,500,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed $132,000 of the Offering. No new insiders were created as a result of the Closing. The Company also wishes to announce the extension to July 8, 2023 of the Offering.
The proceeds derived from the Offering will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 13% will be used for Non-Arm's length salaries, 8% for investor relations and 21% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
The Company has also paid eligible finders ("Finders"), all of whom are at arm's length to the Company and its insiders within the meaning of Policy 5.1 of the TSX Venture Exchange (the "Exchange"), cash compensation as finders fees of $2,820 and has issued an aggregate of 141,000 finders warrants of the Company ("Finders Warrants"). Each Finder Warrant entitles the holder to purchase one Share of the Company at an exercise price of $0.05, for a period of thirty-six (36) months from the closing date of the Offering.
All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.
The Company also wishes to announce that is has terminated its convertible debenture offering, see press releases dated March 13, 2023 and April 24, 2023.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek",
"believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Zonetail Is Pleased to Announce It Has Signed an Agreement with One of the Largest Property Management Companies in Canada, Representing over 50,000 Apartment Units
Toronto, Ontario--(Newsfile Corp. - June 6, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB:ZTLLF) ("Zonetail" or the "Company") is pleased to announce that it has signed an agreement with one of the largest property management companies ("PMC") in Canada representing over 50,000 apartments. The launch is planned to begin in Ontario, and rollout across the country over the coming weeks.
Zonetail's latest PMC client, currently utilizes a mobile application as their tenant portal, allowing residents to communicate and interact with their property manager, create service requests, receive updates on community news among other valuable tools all at the touch of a screen.
The PMC's tenants have been using this platform for several years, and the majority of their residents use it on a regular basis. This provides Zonetail, and Zonetail marketplace clientele, with an instant, highly engaged and targeted consumer base to communicate with.
Once Zonetail's simple three-step onboarding is complete, the next time a tenant opens their app, the Zonetail marketplace will be right there, on the landing page.
Tenants will enjoy immediate access to a wide range of unique offerings from local businesses in their surrounding area, such as restaurants, shopping, grocery, entertainment, health and beauty, and more. In addition, they will have access to numerous existing and upcoming services offered from Zonetail partners that include home and concierge services, delivery options from restaurants, grocery and other retailers, essential services offered from Zonetail's telecom, and insurance partners, and many others.
"This is a significant signing and dramatically increases the Company's footprint in Canada. The initial launch will primarily be in Ontario where we already have abundant coverage, so we expect it to go quickly and smoothly," said Mark Holmes, CEO of Zonetail. "I'd like to thank our Canadian telecom partner for their assistance with this win."
The Company reports that this PMC partner will provide Zonetail with coverage in many areas across the country that will be new, such as the Maritimes and eventually Quebec, increasing the opportunity for national advertisers that desire complete coast to coast coverage.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
Zonetail Inc. Announces a Non-Brokered Private Placement for up to $1,500,000
Toronto, Ontario--(Newsfile Corp. - April 19, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company"), is pleased to announce that it intends to offer for sale, on a non-brokered private placement basis, securities of the Company (the "Offering") consisting of shares of the Company at a price of $0.02 per share for aggregate gross proceeds of up to $1,500,000 ("Maximum Proceeds"). The Offering is subject to the receipt of all necessary approvals, including the approval of the Toronto Venture Exchange (the "TSXV"), as well as the satisfaction of other customary closing conditions. Assuming the Maximum Proceeds are raised, the Company will issue 75,000,000 Shares.
In connection with the Offering, the Company may pay finder's fees equal to 6% of the gross proceeds in cash and issue 6% non-transferable warrants (the "Finder Warrants") to various registered dealers or finder's, representing up to 6% of the shares sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1) Zonetail Share at a price of $0.05 per share for a period of thirty-six (36) months from the closing date of the offering.
The proceeds derived from the sale of the shares will be for the completion of the four major integration projects currently underway as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 13% will be used for Non-Arm's length salaries, 8% for investor relations and 21% for arm's length salaries.
A portion of the Offering may be allocated to investors relying on the "accredited investor" or other exemptions available to Zonetail under National Instrument 45-106 - Prospectus Exemptions.
Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
It is anticipated that the first closing of the Offering will occur on or about April 30, 2023, with a final closing no later than June 3, 2023. Zonetail will update shareholders when the Offering has been completed and TSXV final approval has been received.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network that enables high-rise residents to better manage their homes by connecting people to products, amenities and services. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. And our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize you home. Zonetail also has a partnership with AAHOA, the largest association of hotels in the world representing approximately 35,000 hotels and 65% of the U.S. hotel market. The Company expects to relaunch its hotel vertical when market conditions within the hotel industry have rebounded after COVID.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes
President and CEO Zonetail Inc.
Telephone: (416) 994-5399 mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
Zonetail Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - March 20, 2023) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) ("Zonetail" or the "Company") is pleased to update its shareholders on recent accomplishments and developments.
HIGHLIGHTS
Zonetail has recently signed agreements with two of the largest property management companies in North America representing just shy of two million units.
Once fully rolled out this represents a 1731% increase in Zonetail's property portfolio since the start of 2023.
The Company has an additional 14 million units in its immediate pipeline. The Company now reports that it has enough buildings to begin monetization.
DESCRIPTION
Zonetail provides mobile platforms for high-rise residential buildings connecting the residents to the amenities and services of their building through the convenience of a mobile app. Residents can create and track maintenance requests, receive community news and activity feeds, interact with building management, receive important updates via push notifications, pay their rent or maintenance dues and much more all at the touch of a screen. Included on the platform is a Marketplace where businesses can promote their goods and services directly to apartment and condo residents for a fee.
ZONETAIL: THE FIRST RESIDENTIAL SUPER-APP
The definition of a super-app according to Wikipedia is a mobile or web application that can provide multiple services including payment and financial transaction processing, effectively becoming an all- encompassing self-contained commerce and communication online platform that embraces many aspects of personal and commercial life.
"By now, there are over 435,000 app downloads per minute for a total of 230 billion per year. In this context, super apps have become a popular topic, and have been named one of Gartner Top 10 Strategic Technology Trends for 2023."
https://w w w .thoughtw orks.com/en-ca/insights/blog/mobile/super-apps-global-trend
The Zonetail app was designed to be a super-app before the term 'super-app' was even a thing.
People no longer want an app to do one specific task. They prefer an app that can do everything they need all wrapped up in one. That's exactly what Zonetail has been doing well before the rest of the world caught on. Not only are we the first to market in the residential industry, but we're also the only one that can claim the title of being a super app.
Interacting with your building and streamlining the communication process between property management and resident/tenant is only half the battle. People need much more.
Having access to home services, grocery delivery, home decor, travel options, retail shopping, health and beauty, automotive, you name it and it's there, right in the palm of your hand.
Building out a marketplace for an industry the size of the North American high-rise residential segment does not happen overnight. To better explain the success that Zonetail has achieved it is important to revisit Zonetail's unique business model.
ZONETAIL'S BUSINESS MODEL (SIMPLIFIED)
Zonetail partners and integrates with leading PMS (Property Management Software) companies like Yardi, Shiftsuite and more recently MRI Software. This gives us access to their clients - the PMCs (Property Management Companies).
The PMCs sign on as Zonetail comes at no cost and adds incredible value, saving them considerable operational costs and introducing a new auxiliary revenue stream.
Once uploaded onto the platform, the PMCs promote the downloading to their residents via email, so the Company's user acquisition cost is $0.
The residents download the app, (after all if you lived in a high rise building and the building told you there was a new app, you'd download it too).
With the downloads, the businesses that want to reach roughly 30% of the North American population pay to be on the platform. Thus, recurring revenue.
To execute against this model Zonetail needed to forge relationships with the PMS companies, which we have done with great success, and we will continue to forge more. The next step was to sign the PMCs to get the buildings and users.
RECENT ACCOMPLISHMENTS
Over the past 12-18 months Zonetail was focused on adding more buildings to our property portfolio. New buildings provide the Company with a larger user base, which in turn provides the ability to generate meaningful revenue.
Over the past three weeks, Zonetail signed two new agreements with two very large Property Management Companies. In total they represent just shy of 2 million units.
Once fully rolled out that represents a 1731% increase to Zonetail's property portfolio since the start of 2023 and more are pending!
There are another ~14 million units in our immediate pipeline, some of which we expect to sign in the coming weeks.
In addition, Zonetail signed an agreement with MRI Software in the fall of 2022. Once the integration is complete, Zonetail will begin rolling out to MRI's large portfolio of 20.1 million units. With all these exciting developments, the imminent MRI rollout, and the units in our immediate pipeline, Zonetail's emphasis is no longer solely focused on growing the property portfolio. As we roll these new units out, we are now in the position to begin monetizing it.
These developments once again prove the need and broad desire for Zonetail in the high-rise property management residential industry
REVENUE
Zonetail has made several signings over the past few months as we continue to add more and more businesses to the Marketplace. The Company is actively introducing the Zonetail platform to some of the largest companies in North America and it is being very well received. Some of the industries the Company is focusing on include; credit card, retail chains, restaurant chains, travel (airline and hotel chains), home improvement, technology, media giants, banks, home furnishings, among others. As the Company continues to expand, it is expected that more and more businesses will participate in the Marketplace, generating both transactional revenue as well as advertising revenue.
The imminent launch of the payment processing feature is also expected to add significant revenue beginning in 2023.
With the Company's low monthly operating cost, and the shift in focus towards monetizing our current property portfolio, it is expected that the Company has the potential to be profitable within the next 9 to 12 months.
TECHNOLOGY UPDATES
The Company is engaged in several integrations and technology updates. Some are necessary to
provide our platform to a greater number of PMCs and buildings, some are designed to drive revenue, while others are meant to increase user engagement.
Payment Processing: On July 19, 2022, Zonetail announced the partnership with Fortis to allow for payment processing, which is expected to create a significant new revenue stream for the Company. Once launched, Zonetail will generate revenue from residents paying their monthly rent or maintenance dues who live in participating buildings. With the number of requests from property management companies asking Zonetail to include this service, the Company expects to have quite a few participating buildings. Payment processing is expected to begin beta testing in the coming weeks.
New Integration: One of Zonetail's most recent signings requires a new integration with the PMS backend technology stack that the PMC is using. This is a priority, and the Company aims to complete this and get it into beta testing this spring.
MRI Software integration: The Company aims to complete the necessary development work over the coming weeks to provide MRI with our platform so they can begin to deploy it across their large portfolio of PMC clients.
MEALMe Integration: On September 26, 2022, the Company announced the signing of an agreement with MealMe. This integration is expected to drive significant revenue once complete. Part of this integration also includes the introduction of payment processing to the Marketplace which will provide additional revenue from the MealMe partnership and other current and future transaction-based clients.
Forums: Zonetail plans to introduce user forums allowing residents (users) to create content and communicate with each other. This is expected to drive user engagement.
Data and Analytics: The Company is also enhancing its capabilities in capturing meaningful data and analytics and tying that capture to a future planned introduction of artificial intelligence.
FINANCING UPDATE
On March 13, 2023, Zonetail announced private placement financing of up to $1,000,000. Terms:
A two-year secured debenture.
20% interest in year one, and 10% in year two.
The note holder can convert into shares at $0.05 at any time.
The Company can force the conversion when the stock reaches $0.125. Includes a full two-year warrant with a $0.05 strike price.
The lead order is coming from Zonetail's Board of Directors.
Use of proceeds:
Completion of technology projects described above. General operating costs.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc. T: (416) 994-5399 E: mark@zonetail.com
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "seek", "believe", "potential", "continue", "is/are likely to" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to- time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.